Beaufort Business Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 30,444 | 28,754 | 1,690 | 1.1 | 0% |
| 2017 | 46,922 | 42,391 | 4,531 | 2.0 | 0% |
| 2018 | 43,660 | 48,326 | −4,666 | 0.6 | 0% |
| 2019 | 40,992 | 41,706 | −714 | 0.5 | 0% |
| 2020 | 47,807 | 45,893 | 1,914 | 1.0 | — |
| 2021 | 47,626 | 48,466 | −840 | 0.7 | — |
| 2022 | 73,836 | 62,525 | 11,311 | 2.7 | — |
| 2023 | 108,308 | 80,008 | 28,300 | 6.4 | — |
In its most recent public year (2023), this organization brought in $28,300 more than it spent. Its reserves stood at about 6.4 months of spending, up from 1.1 in 2016.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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